Derivatives marketplace, CME Group has revealed its November monthly volumes recording steady gains across the segment. During the month, the exchange has witnessed record Energy futures and options volume and Energy options.

The Foreign Exchange volume averaged 904,000 contracts per day which is down by 1 percent compared to the November 2017 figures. Most of the trading activities are noted in the following currency futures.

AUD F&O ADV increased by 14 per cent to 113,000 contracts

USD F&O ADV increased by 7 per cent to 79,000 contracts

Mexican Peso F&O ADV increased by 27 per cent to 62,000 contracts

Trading volume for other segments within CME:

The Equity Index volume averaged 3.7 million contracts daily in November, marking a growth of 35 per cent year-on-year.

The Interest Rate Volume during the month averaged to 12 million contracts per day, with a growth of 27 per cent year-on-year from November 2017.

The Options volume averaged around 4.3 million contracts per day, up from 23 per cent from November 2017 ].

The Energy volume averaged a record 3.1 million contracts per day in November 2018, up by 16 per cent compared to November 2017 figures.

The Agricultural Volume averaged 1.5 million contracts per day, down by 6 per cent compared to November 2017 figures.

The Metals volume averaged 624,000 contracts per day, down by 17 per cent compared to November 2017 volumes.

Russia’s largest institutional trading venue has failed to continue to strong momentum seen last month in the light of a less volatile market trading environment.

During the month, the forex volume decreased by over 11.2 per cent month-on-month coming in at RUB 26.8 trillion ($401 billion) compared to RUB 30.4 trillion ($460 billion) in October 2018. The ADV during the month was RUB 1.27 trillion ($19 billion), a drop of 5 per cent month on month RUB 1.32 trillion ($20 billion) in October while 1.6 per cent higher year-over-year from RUB 1.29 trillion in November 2017.

The spot trades in the Fx volumes were at RUB 7.1 trillion, up by 8 per cent month-on-month, swap trades and forwards came in at RUB 19.7 trillion, down by 16 per cent compared to (RUB 23.4 trillion) for October 2018.

India’s leading and Asia’s oldest stock exchange, Bombay Stock Exchange (BSE) and Dubai Mercantile Exchange (DME) has inked a memorandum of understanding (MOU) to work together to help India’s commodity market to maximize its potential.

The announcement of the partnership comes at a time when BSE has recently launched its commodities trading platform on October 1st. DME is one of the premier commodities exchange in the world and international energy futures exchange in the Middle East. The partnership agreement includes supporting the development of the platform to create resourceful commodities derivative market in India. It will also allow Indian corporate to hedge their exposure using BSE’s commodity derivatives segment.

“We believe that it is important to build mutually beneficial relationships in the journey of shared goals. With the fundamental objective of evolving commodity derivatives market, we are pleased to associate with DME in this endeavor that will immensely help all stakeholders.”Further added: “at BSE, we have always focused on identifying and creating new business opportunities that will contribute to the development of the nation.”

DME is launched in June 2007 and its flagship contract Oman Crude Oil Futures Contract is the sole benchmark for Oman and Dubai crude oil. Speaking on the MoU, Raid Al-Salami, Head of DME, added:

“As the world’s fastest-growing major economy, India offers seamless opportunities across industries, particularly in the energy sector. With its growing needs for energy imports, the country has become a key focus market for global industry players, and our collaboration with BSE will enable us to tap into the country’s thriving energy market.”

“We will leverage our expertise in facilitating energy futures and commodities trading to enable BSE to further promote its new trading platform for commodities derivatives and better serve the needs and interests of the domestic derivatives market.”

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